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about the situation in europe, how things are going in china. and it's being backed up by manufacturing data improving, so as we've seen that, we really have more confidence that areas like the odd otos and housing markets in the u.s. are going to continue to gain steam. >> tom: and you're putting that stat germany to work in energy, particularly natural gas. we have seen natural gas prices down to historic lows. why go natural gas producers with production increasing, presumably putting downward pressure on prices? >> well, they have actually a very interesting portfolio of assets and they've really been paring back their assets lately. their focus is on onshore development of assets that have both natural gas and oil and nave literally haltedly the production of natural gas in favor of oil right now, given the price dinnerrial. buttals we start to see the price of natural gas come back they have a tremendous portfolio of assets they can turn on in a heartbeat. over the long term, over the next five to 10 years, we expect 60% of their production to come from natural gas and we expect t
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